Tiger Global reportedly pours more than $1B into SoftBank, saying its shares are “undervalued”

Accuracy score :

97%

Tiger Global has poured more than $1 billion into SoftBank Group, according to the Financial Times. The newspaper reports that the firm told investors SoftBank’s shares are “meaningfully undervalued.” In response to a request for comment, SoftBank sent the same statement to TechCrunch as other media outlets: “We continue to believe the market significantly undervalues our stock and we welcome the support from a sophisticated institutional investor like Tiger Global.” MORE: https://techcrunch.com/2018/07/11/tiger-global-reportedly-pours-more-than-1b-into-softbank-saying-its-shares-are-undervalued/

Analysis: Due to the large debt and non-growth of its own company but its excessive ownership of other companies, it is being valued as an investment bank company. ARM -, Although the company is valuable it produces very little profit but enormous I.P. value. As a wholly purchased company it can only be used for strategic purposes if there are any. Alibaba - Taxed @ 30% $100 Billion worth.